A 100,000% Profit On A 5K Investment - Some Folks Have All The Luck



Salisbury Cathedral From The Meadows By John Constable

Someone bought the painting - Salisbury Cathedral From The Meadows by John Constable - at a Christies auction just over a year and a half ago.  That person paid $5,212 for it. This past Wednesday, the same painting, after having been professionally cleaned, sold at Sotherby's for 5.2 million dollars! Yes that is just about a 100,000 percent profit (source). As usual, the auction house will get a nice sized chunk of that sale price but the owner has to have pissed his pants in delight over that sale. I am guessing that the guy responsible for realizing it was an original by Constable, and that it had not been painted by the artist's fans as thought when sold at Christies, will be getting a nice bonus. Imagine though being the boob at Christies responsible for it selling at only just over 5K - that person could be cleaning toilets for a living in the near future if not already so (or may also get a consolation bonus from Sotherby's).

All the best,
Glenn B